The Minister of State for Petroleum Resources, Timipre Sylva, announced the development on Monday in Abuja.
Browsing: Petroleum Equalisation Fund
Speaking at a stakeholders meeting organised by the NNPC in Abuja on how to best to stop smuggling in the country on Tuesday, Sylva said the only solution to halting the criminality surrounding the smuggling of PMS is for all stakeholders to work together to ensure that the trend is halted
IPMAN’s President, Chinedu Okoronkwo, told the News Agency of Nigeria on Tuesday in Lagos that PEF was very relevant as the country was progressing towards the full deregulation of the petroleum downstream sector.
The News Agency of Nigeria reports that the new PIB is currently before the National Assembly for consideration.
Sylva disclosed this while briefing newsmen in Abuja on Thursday.
According to IPMAN, such plan may worsen the plight of the poorest of the poor in the country.
In one of the articles published to commemorate his first year in office, Bobboi was described as a man averse to nepotism. It was not surprising that soon after he assumed office he adopted the mantra of square pegs in square holes to place staff of the agency based on their competences. The results has, so far, been outstanding.
The spokesperson of the commission, Rasheedat Okoduwa, told News Agency of Nigeria in Abuja on Wednesday that Nnadi was arrested on Monday and detained by the ICPC
The Economic and Financial Crimes Commission on Thursday secured the final forfeiture of properties belonging to Goddy Nnadi, the General Manager, Corporate Services, Petroleum Equalisation Fund, and Galbani Nigeria Limited before Justice Folashade Giwa of the Federal High Court, Abuja.
The Independent Petroleum Marketers Association has backed the decision of the Nigerian National Petroleum Corporation not to allocate petroleum products to depot owners who failed to settle debts owed Petroleum Equalisation Fund.
The PEF Executive Secretary, Alhaji Ahmed Bobboi, disclosed this while addressing newsmen on Tuesday in Abuja
Each day, operatives of the Nigerian Army, Nigeria Police, Nigeria Immigration Service, Nigerian Customs Service and the Nigeria Security and Civil Defence Corps manning the many checkpoints across Adamawa State extort bribes ranging from N500 to N300,000 from motorists carrying out the smuggling
Dr Ibe Kachikwu, Minister of State for Petroleum Resources, disclosed this while briefing State House correspondents after the Federal Executive Council presided over by the Acting President, Prof. Yemi Osinbajo, on Wednesday in Abuja.
The Group Managing Director of the NNPC, Maikanti Baru, disclosed the new level of subsidy on Sunday as the corporation and sister organisations turned the supply of fuel into a war room affair
Currently, Mobil is one of the largest oil producing company in Nigeria with about 660,000 barrel per day
The Chairman of UFBN, Chief Olumide Mayowa, issued the warning at a forum organized by oil marketers in Abuja on Tuesday
Shidok said this at a joint news briefing with the Executive Secretary of the Petroleum Equalisation Fund, Alhaji Ahmed Bobboi
The new PEF Executive Secretary hails from Niger State and holds Bachelors and Masters Degrees from Ahmadu Bello University, Zaria and the Nigerian Defence Academy, Kaduna respectively
They alleged that the management of PEF did not give a level playing field to all Nigerians in their recruitment process so as to favour their friends